StockMarketWire.com - GBG raised £25 million (approximately £24 million net of expenses). A total of 9,090,910 new shares of the company were placed by Peel Hunt at a price of 275p per share, representing a 4.5% discount to the closing price on 28 June 2016 with new and existing investors. The placing shares will represent approximately 7.3%. of existing ordinary shares. GBG CEO Richard Law said: "I would like to thank our existing and new shareholders for the faith they have put in GBG. "The widespread investor interest in this fundraise in such volatile market conditions is a strong endorsement of GBG's momentum and prospects." At 1:01pm: (LON:GBG) GB Group PLC share price was -2.62p at 285.38p Story provided by StockMarketWire.com